Posts Tagged ‘taxes’

June 17th, 2024 - 4:36 pm § in Donald Trump, Politics, Republicans

America’s dumbest senator strikes again

Nevada’s economy is hospitality, and in a gambit for that state’s electoral votes, Trump floated the idea of exempting tip income from taxes. Now along comes Sen. Tommy Tuberville (R-AL), who thinks it’s a tax exemption for people who tip, and called the idea “awesome” [...]

March 4th, 2023 - 12:00 pm § in America, Politics, Religion, Republicans

GOP legislator’s anti-LGBQT hate tax

Texas state Rep. Bryan Slaton (the gunman in the photo below; read his bio here), a former preacher-man, is a hater. He was elected by country hicks in northeast Texas (details here and here). The product of a Baptist bible college, he wants the state to kill doctors who perform abortions, and wome[...]

February 8th, 2023 - 1:34 am § in Politics, Republicans, Schools & Colleges

Normal or crazy? You decide

Arkansas Gov. Sarah Sanders, Trump’s former White House press secretary. was chosen (for complex reasons) to deliver the GOP rebuttal to Biden’s state of the union speech on Tuesday, February 7, 2023. Here’s part of what she said (courtesy of Raw Story here): “In the radical [...]

January 20th, 2023 - 2:37 am § in Politics, Republicans

GOP unveils tax overhaul

Income would no longer be taxed, and the IRS would be abolished. Sound too good to be true? Income taxes aren’t indigenous to the United States; in very early days, the federal government subsisted on tariffs. But aircraft carriers, V.A. health care, and air traffic control cost more now than [...]

October 31st, 2022 - 4:29 pm § in Biden, Economics, Politics, Republicans, Russia

Biden’s political theater on gas prices

Biden is threatening “to pursue higher taxes on oil company profits if industry giants do not work to cut gas prices,” CNBC reported on Monday, October 31, 2022 (read story here). This is political theater, nothing more, to make it look like he’s fighting high gas prices. It lacks [...]

September 29th, 2021 - 11:17 am § in Economics, Politics

The outrageous estate tax

Picture granny in her rocking chair on the sidewalk, her possessions piled on the curb, with a “For Sale” sign on a small bungalow behind a white picket fence. The storyline is she has to sell her house to pay estate taxes. The script doesn’t tell you who died. (Her husband?) It do[...]

September 14th, 2021 - 2:04 pm § in Democrats, Politics

Democrats want to raise taxes and cut yours

Democrats want to pay for their ambitious $3.5 trillion spending plan, which would remake America’s safety net, by raising taxes on wealthy people and corporations. See details here. Meanwhile, tax changes sought by House Democrats “would cut annual tax bills for Americans earning less t[...]

April 25th, 2021 - 2:00 pm § in Politics

Is Washington state tax reform finally coming?

Washington’s legislature is fixing to impose a capital gains tax on the “wealthy” to fund early childhood education and childcare programs. The bill has passed both houses, and the governor says he’ll sign it, but differing versions first have to be reconciled. (Read story he[...]

March 1st, 2021 - 7:35 pm § in Business, Economics, Politics

Why a wealth tax may be a bad idea

“A slew of Democrats on Capitol Hill” including Sens. Elizabeth Warren and Bernie Sanders have “proposed a 3% total annual tax on wealth exceeding $1 billion” and 2% on $50 million to $1 billion, The Hill reported on Monday, March 1, 2021. Read story here.    The aim of the[...]

February 20th, 2021 - 2:56 pm § in Economics, Politics

Unemployment recipients could face hefty tax bills, but help may be on the way

Millions of Americans survived on unemployment benefits last year. Now they owe taxes they can’t pay on those benefits. That’s because taxes weren’t withheld from the benefits. Why are unemployment benefits taxed in the first place? Because the father of “trickle down” economics co[...]